Figure 32-6 Refer to This Diagram of the Open-Economy Macroeconomic Model to Model

question 291

Multiple Choice

Figure 32-6
Refer to this diagram of the open-economy macroeconomic model to answer the questions below.

-Refer to Figure 32-6. Which of the following shifts show the effects of an import quota?

• A) shifting the middle supply curve in panel c to the one to its left.
• B) shifting the demand curve from the right to the left in panel c.
• C) shifting the demand curve from the left to the right in panel c.
• D) None of the above is correct.

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